^GSPTSE vs. V
^GSPTSE (S&P TSX Composite Index (Canada)) is an index, while V (Visa Inc.) is a stock. Over the past 10 years, ^GSPTSE returned 9.67%/yr vs 16.97%/yr for V. At a 0.40 correlation, their price movements are largely independent.
Performance
^GSPTSE vs. V - Performance Comparison
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Different Trading Currencies
^GSPTSE is traded in CAD, while V is traded in USD. To make them comparable, the V values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^GSPTSE achieves a 10.17% return, which is significantly higher than V's -5.82% return. Over the past 10 years, ^GSPTSE has underperformed V with an annualized return of 9.67%, while V has yielded a comparatively higher 16.97% annualized return.
^GSPTSE
- 1D
- 0.77%
- 1M
- 3.26%
- YTD
- 10.17%
- 6M
- 10.82%
- 1Y
- 31.82%
- 3Y*
- 20.46%
- 5Y*
- 11.65%
- 10Y*
- 9.67%
V
- 1D
- 1.23%
- 1M
- 0.76%
- YTD
- -5.82%
- 6M
- -5.60%
- 1Y
- -5.36%
- 3Y*
- 15.57%
- 5Y*
- 10.48%
- 10Y*
- 16.97%
^GSPTSE vs. V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPTSE S&P TSX Composite Index (Canada) | 10.17% | 28.25% | 17.99% | 8.12% | -8.66% | 21.74% | 2.17% | 19.13% | -11.64% | 6.03% |
V Visa Inc. | -5.82% | 6.66% | 32.68% | 23.30% | 2.72% | -0.36% | 14.35% | 37.42% | 26.28% | 37.21% |
Correlation
The correlation between ^GSPTSE and V is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008 | 0.40 |
The correlation between ^GSPTSE and V shifts across timeframes, from 0.24 (1 year) to 0.44 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
^GSPTSE vs. V — Risk / Return Rank
^GSPTSE
V
^GSPTSE vs. V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P TSX Composite Index (Canada) (^GSPTSE) and Visa Inc. (V). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^GSPTSE | V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.93 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | -0.63 | +4.00 |
| Martin ratioReturn relative to average drawdown | 14.93 | -1.36 | +16.29 |
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Drawdowns
^GSPTSE vs. V - Drawdown Comparison
The maximum ^GSPTSE drawdown since its inception was -49.99%, which is greater than V's maximum drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for ^GSPTSE and V.
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Drawdown Indicators
| ^GSPTSE | V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.99% | -41.45% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -16.70% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -21.28% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -22.58% | +5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -30.58% | -6.85% |
Current DrawdownCurrent decline from peak | -0.79% | -13.19% | +12.40% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -7.31% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 10.03% | -7.93% |
Volatility
^GSPTSE vs. V - Volatility Comparison
The current volatility for S&P TSX Composite Index (Canada) (^GSPTSE) is 4.41%, while Visa Inc. (V) has a volatility of 5.72%. This indicates that ^GSPTSE experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPTSE | V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 5.72% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 18.21% | -7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 22.91% | -9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 23.63% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 25.30% | -10.19% |
Frequently Asked Questions
^GSPTSE and V have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
V has higher volatility (5.72%) compared to ^GSPTSE (4.41%). In terms of maximum drawdown, ^GSPTSE dropped -49.99% vs V's -41.45%.
^GSPTSE currently has the higher Sharpe Ratio (2.41 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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